NEW YORK--BUSINESS WIRE--June 6, 1996--AT&T today confirmed that its leasing subsidiary, AT&T Capital Corporation, has entered a definitive merger agreement with a consortium expected to consist of certain members of AT&T Capital's management; GRS Holding Company Ltd., which owns a rail-leasing company in the U.K.; and Babcock & Brown, a...
Investment group Babcock & Brown Ltd (B&B) plans to announce an overhaul of its business when it reports its first half results on Thursday, The Australian newspaper's online business website says.The overhaul is aimed at creating a tighter corporate structure.As well, B&B chairman Jim Babcock and chief executive Phil...
Awarded Bombardier Transportation a $2.6 billion C contract for design, supply, and maintenance of 78 diesel-electric multiple-unit trainsets (40 five-car tilting DMUs and 34 four-car non-tilting DMUs) for Cross Country services. The deal, which Bombardier says is the largest transportation contract it has ever been awarded, is being financed by...
Prime Retirement and Aged Care Property Trust has made an all scrip offer to buy 40 per cent of Babcock & Brown Communities Group BBC to build a strategic stake in the retirement living facilities operator.Prime believes that if it can successfully acquire the stake, it will be in...
Babcock & Brown Power BBP has booked $452 million in writedowns and admitted it's on "rocky financial ground" as it considers approaches from third parties that could see it swallowed whole.Stapled securities in the power generator fund, managed by troubled investment firm Babcock & Brown (B&B), plunged 40 per...
ANZ Banking Group Ltd said it would have to wait and see whether it would create an individual provision for troubled investment house Babcock & Brown Ltd.Chief executive Mike Smith continued to stand by the bank's board, saying that they shouldn't be held accountable for problems at its securities...
Suncorp Metway Ltd has reported a 47.7 per cent slide in annual profit after frequent bad weather and choppy investment markets hammered its bottom line, but affirmed guidance for the current year.The bank, general insurer and wealth manager on Tuesday matched its forecast delivered earlier this month for a...
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